Scales to meet 2019 guidance, signals flat 2020 operating profit

Scales to meet 2019 guidance, signals flat 2020 operating profit
Jenny Ruth
Apple company Scales Corp says its underlying net profit for calendar 2019 will meet guidance and its operating profit for 2020 will be flat because of increased capital spending and lower interest income. Scales said underlying net profit for 2019 will come in between $32 million and $37 million and that the underlying result for 2020 will be between $30 million and $36 million. Earnings before interest, tax, depreciation and amortisation will fall between $49 million and $55 million, unchanged from the 2019 forecast. The company will pa...

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